TiVo Inc. (TIVO) Beats the Street
Digital video recording service provider TiVo Inc. posted a narrower fourth-quarter loss Wednesday, beating Wall Street expectations, as revenues rose almost 30 percent and the company offered fewer product rebates.
The Alviso-based company reported a quarterly loss of $18.7 million, or 19 cents per share, for the three months ended Jan. 31. In the same period last year, TiVo's net loss was $21.1 million, or 25 cents per share.
Net revenues climbed to $77.6 million from $60.1 million a year ago. Excluding hardware sales, service and technology revenue rose 22 percent to $57.4 million, compared with $47 million for the year-ago period.
Analysts, on average, were expecting a loss of 36 cents per share on service and technology revenue of $55 million, according to a survey by Thomson Financial.
The Alviso-based company reported a quarterly loss of $18.7 million, or 19 cents per share, for the three months ended Jan. 31. In the same period last year, TiVo's net loss was $21.1 million, or 25 cents per share.
Net revenues climbed to $77.6 million from $60.1 million a year ago. Excluding hardware sales, service and technology revenue rose 22 percent to $57.4 million, compared with $47 million for the year-ago period.
Analysts, on average, were expecting a loss of 36 cents per share on service and technology revenue of $55 million, according to a survey by Thomson Financial.
posted by Stock Administrator @ 7:41 PM
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